There was no rest for the public relations department at AMC Theatres this holiday season. With most motion picture executives around the globe having already left the office for at least the two weeks surrounding Christmas and New Years, the senior management of the largest exhibitor in the world was hard at work buttressing their finances, reducing their debt, naming new board members, officially ending negotiations to acquire specific theatre assets from the recently bankrupt Cineworld, announcing a reverse stock split and taking over a shuttered Arclight Cinemas location in Boston.
Source: The Naked Truth About What’s Going on With AMC Theatres – Celluloid Junkie